RLI Corp. (RLI) Key Metrics
RLI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.60B
- Enterprise value
- $5.48B
- P/E (TTM)
- 12.8 10-yr median 17.6
- Forward P/E
- 20.5
- PEG ratio
- 1.73
- Price / sales
- 2.8 10-yr median 3.4
- Price / book
- 3.0 10-yr median 3.4
- EV / EBITDA
- — 10-yr median 9.2
- Dividend yield
- 1.18% $0.72 a year
- Beta
- 0.32
RLI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRLI valuation Price multiples at each fiscal year-end price.
RLI returns How much profit the business earns on the capital it uses.
RLI per-share figures Results divided by the shares outstanding at year-end.
RLI financial health Debt, liquidity and how easily interest is covered.
RLI efficiency & capital use Working capital cycle and where the cash goes.
RLI valuation history
RLI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RLI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RLI cash returned to shareholders
RLI price vs earnings per share
RLI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.90B | $7.62B | $6.13B | $6.01B | $2.56B | $2.36B | $2.04B | $3.09B | $2.70B | $2.80B |
| Enterprise value | $4.31B | $4.43B | $3.31B | $3.69B | $2.68B | $2.46B | $163.0M | $3.20B | $2.81B | $2.93B |
| P/E ratio | 14.6 | 22.0 | 20.1 | 10.3 | 9.2 | 15.0 | 10.6 | 48.2 | 25.7 | 24.4 |
| Price / sales | 3.1 | 4.3 | 4.1 | 3.5 | 2.2 | 2.4 | 2.0 | 3.8 | 3.4 | 3.4 |
| Price / book | 3.3 | 5.0 | 4.3 | 5.1 | 2.1 | 2.1 | 2.0 | 3.8 | 3.2 | 3.4 |
| Price / free cash flow | 9.7 | 13.7 | 13.4 | 24.6 | 6.8 | 9.2 | 7.5 | 14.7 | 14.3 | 17.7 |
| Price / operating cash flow | 9.6 | 13.6 | 13.2 | 24.0 | 6.7 | 9.0 | 7.4 | 14.2 | 13.7 | 16.1 |
| EV / sales | 2.3 | 2.5 | 2.2 | 2.2 | 2.3 | 2.5 | 0.2 | 3.9 | 3.5 | 3.6 |
| EV / EBITDA | 8.1 | 10.0 | 8.4 | 5.0 | 7.5 | 12.0 | 0.7 | 39.0 | 28.4 | 17.1 |
| EV / free cash flow | 7.1 | 8.0 | 7.2 | 15.1 | 7.1 | 9.5 | 0.6 | 15.2 | 14.9 | 18.5 |
| Earnings yield | 6.8% | 4.5% | 5.0% | 9.7% | 10.9% | 6.6% | 9.4% | 2.1% | 3.9% | 4.1% |
| Free cash flow yield | 10.3% | 7.3% | 7.5% | 4.1% | 14.7% | 10.9% | 13.3% | 6.8% | 7.0% | 5.6% |
| Dividend yield | 4.1% | 3.1% | 2.3% | 6.1% | 5.3% | 3.7% | 4.2% | 2.7% | 4.2% | 4.4% |
| Shareholder yield (dividends + buybacks) | 4.1% | 3.1% | 2.3% | 6.1% | 5.3% | 3.7% | 4.2% | 2.7% | 4.2% | 4.4% |
| Share price at fiscal year-end | $63.98 | $82.42 | $66.56 | $65.64 | $56.05 | $52.08 | $45.01 | $34.49 | $30.33 | $31.57 |
| Per share | ||||||||||
| Revenue per share | $20.41 | $19.15 | $16.41 | $18.54 | $25.89 | $21.77 | $22.24 | $9.15 | $9.00 | $9.20 |
| Earnings per share | $4.37 | $3.74 | $3.31 | $6.37 | $6.11 | $3.46 | $4.23 | $0.72 | $1.18 | $1.29 |
| Operating cash flow per share | $6.66 | $6.06 | $5.04 | $2.73 | $8.42 | $5.80 | $6.12 | $2.42 | $2.22 | $1.96 |
| Free cash flow per share | $6.60 | $6.01 | $4.97 | $2.67 | $8.24 | $5.67 | $5.97 | $2.35 | $2.12 | $1.78 |
| Cash per share | $18.37 | $35.59 | $32.85 | $29.76 | $1.94 | $1.37 | $44.84 | $0.46 | $0.38 | $0.26 |
| Book value per share | $19.28 | $16.46 | $15.34 | $12.85 | $26.89 | $25.03 | $21.99 | $9.00 | $9.59 | $9.27 |
| Tangible book value per share | $16.83 | $14.09 | $13.17 | $10.87 | $25.72 | $23.85 | $20.80 | $8.39 | $8.92 | $8.54 |
| Dividends per share | $2.62 | $2.55 | $1.52 | $3.98 | $2.96 | $1.94 | $1.89 | $0.93 | $1.28 | $1.38 |
| Capex per share | $0.06 | $0.05 | $0.06 | $0.06 | $0.18 | $0.13 | $0.15 | $0.07 | $0.10 | $0.18 |
| Debt per share | $1.08 | $1.08 | $2.17 | $4.36 | $4.49 | $3.43 | $3.43 | $1.66 | $1.67 | $1.67 |
| Shares outstanding | 92.2M | 92.5M | 92.2M | 91.6M | 45.7M | 45.4M | 45.3M | 89.7M | 89.0M | 88.9M |
| Change in shares outstanding | −0.2% | +0.3% | +0.6% | +100.4% | +0.7% | +0.3% | −49.5% | +0.8% | +0.2% | +0.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 24.4% | 23.6% | 23.5% | 48.5% | 23.6% | 14.7% | 21.3% | 7.7% | 12.5% | 14.0% |
| Return on invested capital (ROIC) | — | — | — | — | 21.7% | 89.6% | — | 6.8% | 8.8% | 12.1% |
| Return on assets (ROA) | 6.8% | 6.4% | 6.1% | 12.6% | 6.6% | 4.2% | 5.8% | 2.1% | 3.7% | 4.2% |
| Return on tangible assets | 6.8% | 6.4% | 6.1% | 12.7% | 6.3% | 4.0% | 5.5% | 2.1% | 3.6% | 4.2% |
| Free cash flow margin | 32.3% | 31.4% | 30.3% | 14.4% | 31.8% | 26.1% | 26.8% | 25.7% | 23.5% | 19.4% |
| Income quality (OCF / net income) | 1.52 | 1.62 | 1.52 | 0.43 | 1.38 | 1.68 | 1.44 | 3.38 | 1.88 | 1.52 |
| Financial health | ||||||||||
| Total debt | $100.0M | $100.0M | $200.0M | $399.7M | $205.0M | $155.5M | $155.3M | $149.1M | $148.9M | $148.7M |
| Cash & short-term investments | $1.69B | $3.29B | $3.03B | $2.73B | $88.8M | $62.2M | $2.03B | $41.7M | $34.3M | $23.3M |
| Net debt | −$1.59B | −$3.19B | −$2.83B | −$2.33B | $116.2M | $93.3M | −$1.87B | $107.4M | $114.7M | $125.5M |
| Debt / equity | 0.06 | 0.07 | 0.14 | 0.34 | 0.17 | 0.14 | 0.16 | 0.18 | 0.17 | 0.18 |
| Debt / assets | 0.02 | 0.02 | 0.04 | 0.08 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 |
| Net debt / EBITDA | −3.00 | −7.23 | −7.19 | −3.16 | 0.32 | 0.46 | −7.54 | 1.31 | 1.16 | 0.73 |
| Current ratio | 0.67 | 1.12 | 1.14 | 1.10 | 20.17 | 16.10 | 100.20 | 1.02 | 1.10 | 1.12 |
| Quick ratio | 0.67 | 1.12 | 2.22 | 1.10 | 27.91 | 24.30 | 110.76 | 0.20 | 0.03 | 0.03 |
| Interest coverage | 96.7 | 67.5 | 51.7 | 89.6 | 44.9 | 25.0 | 30.7 | 9.1 | 11.4 | 21.2 |
| Working capital | −$1.39B | $482.5M | $519.6M | $358.7M | $821.3M | $638.3M | $2.55B | $45.1M | $196.1M | $216.6M |
| Invested capital | $184.4M | −$1.67B | −$1.41B | −$1.15B | $1.35B | $1.23B | −$878.6M | $914.3M | $968.3M | $949.0M |
| Tangible asset value | $1.55B | $1.30B | $1.21B | $995.9M | $1.18B | $1.08B | $941.3M | $752.3M | $794.3M | $759.2M |
| Net current asset value | −$1.58B | $322.9M | $375.4M | $225.6M | −$2.41B | −$2.12B | $23.8M | −$104.0M | $47.1M | $67.9M |
| Graham number | $43.56 | $37.22 | $33.78 | $42.92 | $60.81 | $44.16 | $45.78 | $12.04 | $15.96 | $16.42 |
| Graham net-net per share | −$21.12 | −$0.60 | −$21.01 | −$1.64 | −$60.69 | −$53.99 | −$5.48 | −$11.02 | −$7.82 | −$7.12 |
| Capital allocation | ||||||||||
| Dividends paid | $241.6M | $235.7M | $140.1M | $364.8M | $135.3M | $87.9M | $85.6M | $83.1M | $113.8M | $122.5M |
| Share buybacks (net) | $0 | $2.3M | $0 | $465,000 | $0 | $0 | $0 | $0 | $0 | $741,000 |
| Dividend payout ratio | 59.9% | 68.2% | 46.0% | 62.5% | 48.4% | 56.0% | 44.7% | 129.5% | 108.4% | 106.6% |
| Dividends + buybacks / free cash flow | 39.7% | 42.8% | 30.6% | 149.4% | 35.9% | 34.1% | 31.7% | 39.4% | 60.4% | 77.8% |
| Capex / revenue | 0.3% | 0.3% | 0.4% | 0.3% | 0.7% | 0.6% | 0.7% | 0.7% | 1.2% | 2.0% |
| Capex / operating cash flow | 0.9% | 0.8% | 1.3% | 2.4% | 2.2% | 2.2% | 2.5% | 2.8% | 4.7% | 9.3% |
| Capex / depreciation | 0.68 | 0.61 | 0.69 | 0.74 | 1.12 | 0.78 | 0.85 | 0.86 | 1.33 | 2.51 |
| Stock-based compensation / revenue | — | 0.5% | 0.6% | 0.5% | −14.1% | −6.6% | −10.3% | 0.7% | 0.6% | 0.5% |
| SG&A / revenue | 2.5% | 0.9% | 1.1% | 0.8% | 1.1% | 1.0% | 1.3% | 1.1% | 1.4% | 1.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 194.2 | 207.9 | 235.8 | 185.5 | 214.9 | 214.9 | 192.6 | 212.2 | 193.9 | 191.0 |
| Days of inventory on hand | — | — | -1,268.9 | — | -171.0 | -165.9 | 417.4 | 1,091.5 | 1,220.3 | 1,303.8 |
| Days payables outstanding | 11.8 | 16.1 | 21.6 | 19.6 | 21.5 | 18.2 | 13.5 | 12.6 | 11.9 | 18.6 |
| Cash conversion cycle (days) | 182.4 | 191.8 | -1,054.7 | 165.9 | 22.4 | 30.8 | 596.5 | 1,291.1 | 1,402.3 | 1,476.2 |
| Receivables turnover | 1.88 | 1.76 | 1.55 | 1.97 | 1.70 | 1.70 | 1.89 | 1.72 | 1.88 | 1.91 |
| Payables turnover | 30.99 | 22.65 | 16.91 | 18.59 | 17.01 | 20.01 | 26.97 | 28.99 | 30.61 | 19.62 |
| Inventory turnover | — | — | — | — | — | — | — | 0.33 | 0.30 | 0.28 |
| Asset turnover | 0.32 | 0.33 | 0.30 | 0.37 | 0.28 | 0.26 | 0.30 | 0.27 | 0.28 | 0.30 |
| Average receivables | $1.00B | $1.01B | $976.7M | $863.1M | $696.9M | $581.6M | $531.2M | $477.0M | $425.5M | $428.1M |
| Average payables | $42.6M | $58.1M | $66.3M | $52.0M | $42.6M | $34.0M | $24.1M | $22.1M | $19.8M | $27.7M |
| Average inventory | — | — | −$3.90B | — | −$339.2M | −$309.0M | $744.6M | $1.92B | $2.02B | $1.94B |
| Intangibles / total assets | 3.7% | 3.9% | 3.9% | 3.8% | 1.2% | 1.4% | 1.5% | 1.8% | 2.0% | 2.3% |
Computed from RLI's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RLI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), RLI traded at 14.6 times earnings, against a 10-year median of 17.6. Based on the latest twelve months, the trailing P/E is 12.8 and the forward P/E is 20.5. RLI earned a return on equity of 24.4% in fiscal 2025. It ended the year with $100.0 million of debt and $1.7 billion in cash and short-term investments, a net cash position of $1.6 billion. It returned $241.6 million to shareholders: $241.6 million in dividends and $0 in share buybacks, 40% of free cash flow. The share count rose 3.8% from 88.9M to 92.2M over 9 years.
See the RLI income statement, the RLI chart for price history, or the RLI stock overview for the latest quote and news.
RLI key metrics FAQ
What is RLI's P/E ratio?
RLI's trailing P/E ratio is 12.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.5. At the end of fiscal 2025 it was 14.6, compared with a 10-year median of 17.6.
What is RLI's EV/EBITDA?
RLI's enterprise value was 8.1 times EBITDA at the end of fiscal 2025 (enterprise value $4.3 billion, EBITDA $530.4 million).
What is RLI's return on equity?
RLI's return on equity (ROE) was 24.4% in fiscal 2025: net income of $403.3 million on average shareholders' equity of $1.7 billion.
How much debt does RLI have?
RLI had total debt of $100.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.06 and more cash than debt.
What is RLI's dividend yield?
RLI's forward dividend yield is 1.18%. RLI paid $241.6 million in dividends in fiscal 2025 ($2.62 per share), a payout ratio of 59.9%.
What is RLI's free cash flow yield?
RLI generated $608.7 million of free cash flow in fiscal 2025, a free cash flow yield of 10.3% on its market value at year-end ($5.9 billion).
What is RLI's current ratio?
RLI's current ratio was 0.67 at the end of fiscal 2025: current assets were 0.67 times current liabilities.